Question

Define and explain Cyclical variation.

Answer 1

Cyclical variation is the continents of a time series that tend to oscillate above and below the secular trend line for period more than one year. the cycles may sometimes be peculiar to a particular industry but more generally they relate to awhile economy are called business cycle . In business cycle variation are commonly associated with economy cycles, successful booms and slumps in economy . it has 4 phases i.e prosperity , recession, depression and recovery... hopes it's helpful for you